Thomson Reuters reports better-than-expected earnings
Thomson Reuters, the parent company of the Reuters financial news service, reported first-quarter earnings that were higher than Wall Street expectations.
Jessica Toonkel of Reuters reports, “Thomson Reuters’ first-quarter net earnings were $314 million or 41 cents per share, up from $272 million or 34 cents per share a year ago.
“Adjusted for special items, earnings were 63 cents per share, beating estimates by 10 cents, according to Thomson Reuters I/B/E/S.
“Revenue increased 1 percent when currency changes were factored in to $2.82 billion from a year earlier, also ahead of estimates.
“The company reaffirmed its forecast for the year of a low-single digit sales increase.
“Its biggest segment, Financial & Risk, which provides news and analytics to financial services companies, saw revenue of $1.5 billion, up 1 percent.”
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